Which of the following describes what is identified by a supply schedule?

a How much suppliers will profit at various prices

b How much consumers will save at various supply levels

c How much suppliers will raise prices as production varies

d How much of a product suppliers will produce at various prices

Question

06-09-2022
Business

Answered

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Which of the following describes what is identified by a supply schedule?

a How much suppliers will profit at various prices

b How much consumers will save at various supply levels

c How much suppliers will raise prices as production varies

d How much of a product suppliers will produce at various prices

Sagot :

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ewomazinoade ewomazinoade · Answer 1 · 2022-09-14T12:43:24-04:00

What is identified in a supply schedule is how much of a product suppliers will produce at various prices (option D).

What is a supply schedule?

A supply schedule is a table that shows the price and quantity supplied of suppliers. It shows the total number of goods that would be supplied at various prices.

There is a positive relationship between price and the quantity supplied. This is because as price increases, there would be an increase in the quantity supplied. When price declines, there would be a decrease in the quantity supplied. This explains why the supply curve is positively sloped.

The supply schedule can be an individual schedule or a market schedule. When its an individual schedule, it contains information on only one supplier. If it is a market schedule, it aggregates the information of all the suppliers in the market.

To learn more about supply schedules, please check:https://brainly.com/question/11351831

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Sagot :

What is a supply schedule?

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